Where expertise unlocks opportunity.

Reale Capital is a real estate advisory firm that brings the precision of seasoned advisors and the dedication of true partners to every engagement. We believe that exceptional outcomes are built on trust, deep market insight, and an unwavering commitment to our clients’ goals. Whether you are scaling a business, pursuing a strategic transaction, or seeking creative and actionable solutions, Reale Capital is here to guide every step of the journey.

Your ambitions. Our expertise. Extraordinary results.

About Reale Capital

Operating at the intersection of sophisticated capital and Canadian real estate, grounded in a legacy built on trust and discipline. More than advisors, we are trusted allies, guiding our clients through pivotal moments with insight, care, and a deep commitment to their success.

Reale Capital is a Toronto-based merchant bank that provides strategic and investment advisory services with a predominant focus on the Canadian real estate sector. Our practice operates across the full breadth of the Canadian real estate industry, spanning multi-family residential, commercial office, industrial and logistics, retail, senior living, and land development. We work with private and public companies, institutional investors, developers and operators to provide a holistic suite of services.

What We Offer

Comprehensive solutions across every dimension.

Every client comes with a unique set of goals, constraints, and opportunities. At Reale Capital, we provide a comprehensive range of services, with the ability to tailor unique solutions to deliver outcomes that matter.

Capital Solutions

Advising owners and operators on capital structure and funding strategy, evaluating the full range of financing sources to identify those best aligned with the asset, the business plan and the sponsor’s objectives.

Transaction Advisory

Providing end-to-end buy-side and sell-side advisory across complex real estate transactions, supporting clients from initial strategy to closing through valuation, structuring, due diligence and execution.

Fund & Partnership Structuring

Designing and implementing institutional-quality structures that align stakeholder interests, optimize economics, enhance governance and position partners for long-term growth.

Underwriting & Financial Analysis

Delivering rigorous, institutional-grade underwriting and financial analysis that distills complexity, grounds every decision in data, and equips clients with dynamic models for everyday use.

Asset Management

Performing hands-on asset management functions, including the strategic review of individual assets and portfolios, to strengthen operating performance and deliver long-term value

What We Offer

Comprehensive solutions across every dimension.

Every client comes with a unique set of goals, constraints, and opportunities. At Reale Capital, we provide a comprehensive range of services, with the ability to tailor unique solutions to deliver outcomes that matter.

Capital Solutions

Advising owners and operators on capital structure and funding strategy, evaluating the full range of financing sources to identify those best aligned with the asset, the business plan and the sponsor’s objectives.

Transaction Advisory

Providing end-to-end buy-side and sell-side advisory across complex real estate transactions, supporting clients from initial strategy to closing through valuation, structuring, due diligence and execution.

Fund & Partnership Structuring

Designing and implementing institutional-quality structures that align stakeholder interests, optimize economics, enhance governance and position partners for long-term growth.

Underwriting & Financial Analysis

Delivering rigorous, institutional-grade underwriting and financial analysis that distills complexity, grounds every decision in data, and equips clients with dynamic models for everyday use.

Asset Management

Performing hands-on asset management functions, including the strategic review of individual assets and portfolios, to strengthen operating performance and deliver long-term value.

Our People

Leadership & expertise you can count on.

The team behind Reale Capital brings together decades of combined experience and is united by a shared commitment to delivering exceptional outcomes for clients and partners through institutional rigour and a hands-on approach to every mandate.

Tony Reale

Founder, Managing Partner

Tony has over 30 years of institutional real estate experience spanning investment banking, property brokerage and private equity in Canada. Prior to founding Reale Capital, he was Group Head of the Real Estate Capital Markets team at BMO and CEO of its C$1 bn real estate private equity fund. Over his career, Tony has advised on transactions across every major Canadian market and asset class. He has a long track record of building operating and investment platforms, managing partnerships and navigating full market cycles.

Max Medvedev

Partner

Max is an investment professional with experience across multiple private equity funds. Prior to Reale Capital, he was a member of BMO’s C$1 bn real estate private equity fund, where he worked across several investment strategies and played a lead role in deal sourcing, due diligence, underwriting and execution, as well as partnership formation and investor relations.

Adam Yoshida

Partner

Adam is a proven real estate professional with an established track record in M&A, valuation, property brokerage, transaction execution and strategic advisory. Prior to Reale Capital, Adam worked in real estate investment banking at BMO, advising institutions, REITs, asset managers, developers and operators across a broad range of mandates.

Our People

Leadership & expertise you can count on.

The team behind Reale Capital brings together decades of combined experience across institutional real estate, capital markets, investment banking and private equity. Collectively, the principals have held various roles at leading institutions and bring deep expertise across the full deal lifecycle with extensive transaction experience across every major Canadian market and asset class. The team is united by a shared commitment to delivering exceptional outcomes for clients and partners through institutional rigour and a hands-on approach to every mandate from sourcing and due diligence to underwriting, execution and strategic advisory.

Tony Reale

Founder, Managing Partner

Max Medvedev

Vice President

Adam Yoshida

Vice President

Get in Touch

Begin the Conversation

Your real estate ambitions deserve a trusted advisor and partner. At the intersection of capital and opportunity, we look forward to helping you proceed with conviction.

© Reale Capital | 2026